Cousens claimed that Sony had "[learnt] the lesson of over-engineered hardware" with the first PSP, and suggested that NGP's more social capabilities may give it a stronger footing in the market.

Following NGP's reveal, Sony yesterday clarified that the console would arrive over multiple SKUs. All will have WiFi connectivity, but only one - almost certain to be the most expensive - will also house 3G.

Sony also unveiled PlayStation Suite at its Tokyo event - which will allow its games to be played on Android mobile devices.

Cousens added: "The portable segment is highly contested beyond traditional hardware vendors, so to succeed is no small task.

"Sony knows the lesson of over-engineered hardware and high software development costs only too well - so the more interesting aspect is NGP's eco-system and infrastructure.

"The crossover network and Playstation Suite might be well heeded by the young pretenders in the space; they could well find they have a fight on their hands in getting noticed, and the stakes are rising.

"It's all to play for and reputation, past glories and technological superiority are not guarantees for leadership."

Ignoring the fact that this is about his hopes and not the actual cost, it's stupid to hope this costs the same as the 3DS. Remember the DS and PSP at their respective launches? The former cost £100, the latter cost £180. So expecting the PSP2 to be any less than £300 is really pointless because it won't be.